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The “Jewish” Mirrors
of Washington KIT;FAR MRVF.i; .11*. MANAC.INC. WKECTOR OF THE WAR FI- S' WCE CORPORATION By A. A. LUSTIC. National Press ciul. Washington, D. Eugene* Moyer .lr., is managing tli rector of the War Finance Corpora tion which is Im.iisc<l in the Treasury lUiihling at Fifteenth street ami Pennsylvania avenue facing tin' White house, lr was originally created ns a war government agency, to promote commerce with foreign nations thru the extension of credits. It was re organized in Washington 1911* to aid in the transition from, the conditions of war to the conditions of pence, to make advances not .exceeding 51.000.- 000,000 to American exporters and \merlcan hanking institutions for the purpose of financing tin* exportation of domestic products. This authority was exercised until May. 1020, when the activities of the corporation were suspended. Congress by joint resolution January. 1021, directed that the activities of the ( orpornfion he resumed. The total advances from April 5. i 11)1 S, to November 20. 1021, Inclusive, have amounted to SI In. 138,702.23, of which $272,408,207.27 has been repaid. The War lias left a large part of Europe in dire need of raw materials and manufactured products of all kinds. The situation practically amounts to this—that while European Govern ments and individuals desire to lmy i and American business men are ready j to sell, the former lmve neither gold nor goods siilUcicnt to balance their purchases and ere obliged to seek long time credit. The moneys advanced thus far by the War Finance Corporation has lieen ex tended to various manufacturers and hankers, that sent railroad equipment to Poland, electrical and agricultural machinery to England, France. Italy. Belgium and Australia, food to llcigium and machinery for steel plants to Fra nee.* Mr. Meyer was horn in I.os Angeles. California, on October 21. 1873. Ills father was horn in France. In 1837, *»11 the age of 12. he went to California via j the Isthmus of Fannin a. before the rnil-i road was built. lie grew up with the | country ns a merchant and hanker. l>c- J coming associated with the firm of i I.azard Frercs of Furls. London, New; York and San Francisco. Mr. Meyer’s mother was horn in New York, hut went to as a child, making the trip on a sailing vessel around Cape Horn. Eugene Meyer, Jr., was educated in the public schools of Sail Francisco, spent one year in the University of California, and then graduated from Yale in (he class of 1893, taking honors in history and political science. After graduation lie spent a year learning something of the hanking business in New York and then went to Europe, where for two years lie studied lan guages, foreign hanking and interna tional commerce. In 11*01 Mr. Meyer organized his own firm in New York City under the name of Eugene Meyer, Jr.. & Company, spe cializing in railroad, mining, oil, and chemical developments, until April I in 17. when he dissolved his firm to go] to Washington and participated in War work, lie assisted in the organization and development of the work of the Ad- ] visory Commission of the Council of National Defense and later of the War industries Board. lie was a member! of tin* National Committee oil War Sav ings, served for several months as the personal representative of the Secre tary of War in investigating the air craft situation, and was nominated by President Wilson, and confirmed by the Senate, as one of (lie two Republican members of tin* Board of Directors of the War Finance Corporation at the time of its organization in May, 1918. In January. 1919, In* was made its Man- j aging Director and continued in this capacity until June 1, 1920, when he re signed. Its governing hoard consists of A. W. Mellon. Secretary of the Treas ury: Henry C. Wallace, Secretary of Agriculture: Eugene Meyer. Jr.. Manag ing Director: Dwight F. Davis. Direc tor. and A. W. McLean. Director. In accepting Mr. Meyer’s resignation hs Managing Director of its War Finance as of June 1. 11*20. Presi dent Wilson summed up Mr. Meyer’s %vnr record as follows: "I have your letter of the 17th of j May, tendering your resignation as a director of the War Finance Cor- i 1 (oration which I hereby accept, ef- ' feetive, in accordance with your re- ! quest, at the close of business May 21. 11*20. I take tills action with very deep regret. You have served ! tin* Government in various import ant capacities during the war nml since in a line spirit of unselfish patriotism. You assisted the War Industry Board, served as a mem ber of the National War Savings Committee, acted as special repre- i sentutive of the Secretary of War in Aircraft work, made n special \ trip to Europe in connection with | j financial matters during the Peace , Conference, and. finally, you have i served us a director of the War i Finance Corpora I ion since its or ganization. for a period ot' two years, during more titan half of which time you have been the active evccutive officer of that body in tin* capacity of Managing Id rec tor. I have known, particularly from tin* Secretaries of the Treas ury. with whom you have been as sociated, of your readiness ever to place your talents und time at the disposal of the Government in the solution of many perplexing prob lems that have confronted the na tion during the pnst three crowded years. The War Finance Corpora tion. with no precedents to guide it, has efficiently und successfully ful filled the important mission for which it was created, aiul credit for the results achieved is attribut able in no small degree, to your ef fective leadership and signal serv ice. I can not permit the occasion of your resignation to pass without expressing my deep appreciation of the notable and loyal service you have rendered to your country with the single aim of per forming the duties of a patriotic American.” In the fall of llfJO. Mr. Meyer took issue with Secretary of the Treasury, Mr. Houston, on the advisability and propriety of having the War Finance Corporation resume operations for the purpose of assisting in facilitating the movement of our commodities to for eign countries. The work of the Cor poration had been suspended upon tin* request of Secretary Houston in May, 1020. The matter was debated before the Congressional Committee, Secretary Houston opposing the proposed resump tion on the ground that “thou who would otherwise seek means of fi nancing from ordinary financial chan* nels. for future operations, would prob ably come to tin* Government to seek assistance.” Mr. Meyer’s testimony liefore tiie Committee stated. "You must remem ber. gentlemen, tlint our bankers until lately have not lieen international hankers in any large way. They have been national hankers. They have had little* cx|H*ricnce abroad, up to the time of the wur on foreign trade had Inn'll financed by Europe. Now this great burden is thrown npon us. If it is to lie done, it is to bo done by ns or not at |nil. Yet we have not the trained per sonnel that England and Germany and | Holland aiul France, to some extent, j have developed In the course of genera tion. We are developing those men, ami developing them fast. The force of circumstance is developing them, but this Corporation was considered a great help and gave them assurances to go ahead.” Tin* subject had h(*en a matter ot widespread public discussion through out the country. The Senate Commit tot* on Reconstruction and Production, of which Senator William M. (’aider was chairman, investigated the subject on a tour through the country. The Joint Agricultural Committee of the House and Senate conducted extended hearings on the subject, at which the Secretary of tin* Treasury and Mr. Meyer testified at length. The Hank ing and Currency Committee of the I Touse conducted further hearings, and after the resolution directing resump tion had lieen vetoed by the President, it was passed, over the veto by the un precedented large vote of Kl to 5 in the Senate and 2fi0 to HO in the House. Not only did the representatives of the South and West support Mr. Meyer’s stand, but the representatives of Agri cultural. Industrial. Commercial and Financial interests were also in favor of the resumption of the War Finance Corporation. -President Harding nominated Mr. Meyer as a director of the Corporation in March, 1021. his nomination was im mediately confirmed by the Senate, and he was again elected Managing Direc tor. Although Mr. Meyer’s public ac tivity dates only with the lieginning of the War his interest in public affairs was shown many years ago when lie created a fund at Yale University known as the Public Service Fund. This fund now amounts to about $100.- 000. and the entire income is devoted to the purpose of training for Public Service. Mr. Meyer is a Zionist and was a member of the Executive Committee of the Provisional Committee for Zion ist affairs during the War. Mr. Meyer has published a number uf addresses and magazine articles on I financial and economic subjects. He Is 1 regarded as combining a good knowl edge of economic science with extended practical and hanking experience. In the rotunda at the Capitol is a colossal head of Abraham Lincoln, by the eminent sculptor, Mr. Cutzou Borg luni. presented l»y Mr. Meyer as a gift to Congress. Following the example of the Grand Lodges of Berlin and London, respec tively, the Vienna B’nal B’rith Lodge has decided to join in the collection of funds for the Keren Hayesod (Pal estine Foundation Fund.) GAVE FORD NO FACTS ON JEWS. CLAIM OF BERNSTEIN. N’ew York —In a statement issued hr re Herman Bernstein. a well known j writer on subjects pertaining to tin*, Jewish race, takes issue with Henry! Ford, who charged in an Interview 1 lest week that, during the voyage of j .the famous pence ship. Bernstein told Ford that if he wanted to end the world war he should "see the Jewish i financiers who created it.” Ford also ! said that Bernstein had told him | “most of the things"* which the Dear- ! horn Independent has printed in ref erence to Jews. Bernstein today applies the "short j and ugly word” to Ford and declares that he had no more than fifteen min utes’ talk with Ford In the pence ship and the Jewish problem was never dis cussed, except that Ford said he om- j ployed quite a number of Jews in Ids shops and they were good workers. WINS $5,000 SHORT STORY CONTEST. OctnvuK Roy Cohen. of Birmingham. Ala... whoso stories of negro life in the “Saturday Evening Post” have won him fame, is the winner of the , s.*>.ooo short story contest recently in- hy There were 2,400 stories submitted, of which 24 I were Anally published, Cohen's “The | End of the Rond.” being awarded the prize—the largest ever offered in a i similar contest. Rabbi Samuel .1. Harris (H. I*. C., 1020). who since his graduation has been the very popular Rabbi of Con gregation Temple Israel, of Iwi Fay ette, ind.. has Iteen unanimously elect, ed Rabid of the Co’.llngwood Avenue Temple, of Toledo. Ohio, one of the. largest congregations in the, State. 1 Tlie Toledo congregation is to bo con gratulated on having secured the serv ices of Rabbi Harris. He is quite* a young man, in ids twenty eighth year, native-born, with a splendid record l*»th nt the University of Cincinnati _ and the Hebrew Union College, and made an excellent Impression in the several cities where he officiated dur ing the holidays while still a student. Con. Doth Israel of Cndsdon. Ala . lias awarded the contract for a new I synagog. ||l|| gJjEA jfj tnV'? , >^a'-j£ First Showing: Anywhere in the World. Vs ■ f§ WILLIAM FOX PRESENTS B II Alexandre Dymas > II H >Voi|<|-|fjhli.>iis Novel “THE OFpffINTE ■ Directed by EntrM®. Flynn H| Shows: jf' t 'B I*. t-fe |p H® jH 9 I I Matinees: Balcony, 15c II H Orchestra, Me H laß Evenings: Balcony, 3(k Of i haCm, ■, t®, Includes fl GILBERT, ROBERT M’KIM, ESTELLE TAYLO®, II 9 WILLIAM V. MONO, GEORGE SEIGMANN H H H V V And Over 1,000 Other Players Hj H IS «j HE THE DENVER JEWISH NEW'S ■SHISEMSHESSBiCS Superb Orchestra Thursday and Friday January 19 and 20 WILL RODERS in 'Doublingfor Romeo’ Saturday January 21 MARY PICKFORD in “SUDS” Sunday and Monday January 22 and 2:i CONSTANCE TALMADC.E in “Womans Place” Tuesday January 21 ELAIN HAMMERSTEIN in “The Girl From Nowhere” Wednesday January 25 EUGENE O’BRIEN in “Gilded Lies” Comfortable Seats Well Ventilated and Heated The Pride of Capitol Hill CLOSED! For the First Sunday in 40 Years! All Scholtz Mutual drug stores in Denver are closed Sundays. Our 300 employes are spending the day as YOU are spending it. Tin* majority of Denver people apparently approve of our breaking till* ID needless custom of seveu-du.v drug stores. We have received stack* of tetters LU of comniendation. 11l One special sale in honor of the* event was a tremendous success. Jt proved fl that people are willing to do their drug store shopping during the week, wpec'all.v ID when it gives a holiday to a fellow being. Scholtz Mutual Drug Co.